Senators Join The Push For Homebuyer Tax Credit Extension

June 30, 2010

in News

Senators Join The Push For Homebuyer Tax Credit Extension

Sens Harry Reid (D-NV) and Max Baucus (D-MT) introduced legislation to extend the purchase closing date for the first-time homebuyer tax credit. The Senators’ push to extend the closing deadline joins efforts by the House of Representatives, who voted 409 to 5 in favor of its own version of the bill yesterday. It is expected the Senate could pass its bill today in time for a Presidential signature. The Senate and House bills extend the date new homebuyers already under contract must close by in order to qualify for the tax credit. The previous deadline of July 1 would be extended through September 30. The Senate bill also retroactively reinstates federal unemployment insurance benefits that expired at the end of May. [Read this article]

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